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Corporate Relocation Completed to Maplewood, New Jersey

13 June 2002

Maplewood, NJ: June 12, 2002 - FairBoss Corporation director Tim Poeton, announced today that FairBoss has completed the relocation of the parent company, its subsidiaries and their respective back office operations to Maplewood, New Jersey. The Fairboss Underwriters EPLI division maintains a second underwriting office in Chicago, Illinois.

The new address information is as follows:

FairBoss Corporation

2040 Millburn Avenue, Suite 403

Maplewood, NJ 07040

Telephone (973) 763-2100

Fax (973) 763-1962

For further information on FairBoss Corporation and subsidiaries, please contact Mark Miller at (973) 763-2100.